703 Main St W | Paynesville, MN 56362
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703 Main St W
Paynesville, MN 56362
Paynesville Apartments · Multifamily Property For Sale
·
17 Units
PROPERTY FACTS
| No. Units | 17 | Building Size | 12,410 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Lot Size | 1.48 AC |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.48 AC |
| Building Size | 12,410 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.74/1,000 SF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
ABOUT 703 MAIN ST W , PAYNESVILLE, MN 56362
Great investment opportunity to purchase 17 units in Paynesville Minnesota. Very convenient location to the Paynesville Schools and local businesses. Property shows good cash flow and is easily transitioned to a new management team. The current manager is willing to stay onstaff. One, three bedroom unit is in need of a rehab, but all other units are ready to be rented or currently rented.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | $550.00 | 450 - 600 |
| 2+1 | 1 | $650.00 | 1,200 |
| 3+1 | 3 | $750.00 | 1,300 |
PROPERTY TAXES
| Parcel Number | 70.38644.0000 | Improvements Assessment | $547,800 |
| Land Assessment | $104,300 | Total Assessment | $652,100 |
PROPERTY TAXES
Parcel Number
70.38644.0000
Land Assessment
$104,300
Improvements Assessment
$547,800
Total Assessment
$652,100
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